William B. Shubb

BANK ACCOUNTS

Bank America (Checking) — Interest

Bank America (Maximizer) — Interest

Ist Community Credit Union — Interest

ANNUITIES

Amencan Skandia — None

Venture Annuity — None

LIMITED PARTNERSHIPS

Municipal Mortg. & Equity — Int/Div

RAYMOND JAMES IRA

Government Strips — None

Capstead Mortgage — Int/Div — Sold

RJ Bank Dep. — Int/Div

Oppenheimer Senior Fltg Rate Fund — Int/Div — Buy

RAYMOND JAMES ACCOUNT #17 scsi filet

Eagle Tax Free Money Fund, fmrly Eagle Muni Cash Trust — Int/Div

WF Advantage Strategic Muni Bond Fund, fmrly Evergreen — Int/Div

Franklin CA High Yield Muni — Int/Div

Seligman CA Hi Yid Muni — Int/Div

Invesco Van Kampen Interm Muni Fund — Int/Div — Sold (part)

RAYMOND JAMES ACCOUNT #2 fen

Eagle Tax Free Money Fund, fmrly known as EagleCash TrusMuni — Int/Div

Alliance Muni Income Ins'd CA — Int/Div

Franklin Income Fund — Int/Div

Franklin Strategic Income Fund — Int/Div

Highland Capital Floating Rate — Int/Div

Oppenheimer Senior Fltg Rate — Int/Div — Buy (add'l)

Invesco Van Kampen Equity Income Fund, fmrly Van Kampen Eqty — Int/Div

Citizens Bank 2.55% 6/01/11 CD — Int/Div — Redeemed

Preferred Bank 1.15% 5/28/10 — Int/Div — Redeemed

WACHOVIA IRA

Equally Weighted S&P Fund — Int/Div — Sold (part)

New Perspective Fund — Int/Div — Buy

WACHOVIA [7]

Bank sweep acct — Int/Div — Sold (part)

Boeing — Int/Div

Chevron — Int/Div

Coca Cola — Int/Div

General Electric — Int/Div

Intel — Int/Div

Proctor & Gamble — Int/Div

Investment Company of America — Int/Div — Buy

New Perspective Fund — Int/Div — Buy

Bank Deposit Sweep, frmrly knwn as Wachovia Bank Dep. Sweep — Int/Div

Dividend Growth Fund — Int/Div

Apache Corp. — Int/Div

Sempra Energy — Int/Div

IRA/ROLLOVER of HR-10

Bank Deposit Sweep, frmrly knwn as Wachovia Bank Dep. Sweep — Int/Div

Franklin Income Fund — Int/Div — Buy (add'l)

Franklin Income Fund — Buy (add'l)

Equally Weighted S&P 500 — Int/Div

Dividend Growth Fund — Int/Div

JPM Intemational Value Fund — Int/Div

Abbott Labs — Int/Div

AT&T — Int/Div

Boeing — Int/Div

Bristol Meyers — Int/Div

Catepillar — Int/Div

Chevron — Int/Div

Cisco — Int/Div

Coca Cola — Int/Div

Comcast — Int/Div

Conoco — Int/Div

Du Pont — Int/Div

General Electric — Int/Div

Hewlett Packard — Int/Div

Intel — Int/Div

IBM — Int/Div

Johnson & Johnson — Int/Div

Microsoft — Int/Div

Proctor & Gamble — Int/Div

Sempra Energy — Int/Div

Target — Int/Div

Walt Disney — Int/Div

Yum Brands — Int/Div

Zimmer Holdings — Int/Div

BofA 1.10%4/01/10 — Int/Div — Matured

CORTS - BMY Squibb 8-1-97 (KNR) — Int/Div

Delphi Finc'l 7.376% Pfd 5/1/67 — Int/Div — Buy

GE Capital Sr. Notes 2/18/33 (GED) — Int/Div

GE Capital PINES 6/28/32 (GEA) — Int/Div

GECC 6.1% PINES 11/15/32 (GEC) — Int/Div

Georgia Power Sr. Notes 1/15/45 (GAH) — Int/Div — Redeemed

Mississipi Pwr 5.625% Pfd 4/15/67 — Int/Div — Buy

Morgan Stanley 6.45% Pfd 4/15/67 (MSK) — Int/Div

SATURNS GE 6% Pfd 3/15/32 (DKC) — Int/Div

Wachovia 6.375% Pfd 6/1/67 — Int/Div

Wells Fargo Capital 6.25% 6/15/67 (FWF) — Int/Div

Adjunct Professor, University of California, Davis, School of Law

Income — 2010 — Regents of the University of California — $4,238.00

Line 23 2010 report "Invesco Van Kampen Interm Muni Fund” formerly known as Van Kampen Hi Yield Muni

Line 32 2010 Report "Invesco Van Kampen Equity Income Fund” formerly know as Van Kampen Equity Income Fund

Line 77 in 2009 report "Alacatel-Lucent” removed, value is below $1,000